2026-10-13 18:34 UTC
‘BYD effect’: electric vehicle boom becomes unexpected tool to combat inflation
cross-posted from: lemmy.zip/post/73150694
Electric vehicle sales are surging in Australia, powering a transition that goes beyond fuel savings to become an unexpected tool to combat high inflation.
The abrupt shift away from petrol and diesel vehicles, accelerated by elevated fuel costs caused by the Iran conflict, is being supported by an influx of cheaper EVs that is reducing associated costs such as insurance.
Replies (1)
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@HaraldvonBlauzahn@feddit.org 2026-10-13 18:39
You might wonder whether mainly economical news belong here. But the conflict between slaveholder states and yankee anti-slavery states had also an economic component. Similarly, fossil technology is so ingrained economically that economically more independent sectors are also having more mindspace to see a diffetent future - they already gain a net positive from it.